Ukraine

Ukraine overtakes Moldova in income race to the title of Europe's poorest country

Ben Aris in Berlin May 25, 2026

For years, Ukraine and Moldova have vied for the dubious honour of being the poorest country in Europe. The contest was close enough to be largely academic and they regularly traded last and second to last places for years. That symmetry is over.

Millions of Ukrainians may remain in EU for years even after war ends

IntelliNews May 25, 2026

Ukrainian refugees are likely to remain in the European Union for years – and possibly permanently – even if the war with Russia ends, according to a new report by the Clingendael Institute.

Russian attack damages landmarks across Kyiv in one of war’s largest aerial assaults

IntelliNews May 24, 2026

Ukraine’s Air Force said Russia launched 90 missiles and 600 drones during an attack that lasted several hours.

Russia fires Oreshnik cruise missiles at Kyiv as tit for tat cycle of violence continues

bne IntelliNews May 24, 2026

Russia launched one of its largest aerial assaults of the war against Kyiv on May 24, firing two Oreshnik intermediate-range ballistic missiles alongside hundreds of drones and cruise missiles in retaliation for Ukraine's strikes a week earlier.

Kazakh special economic zone court rules in favour of Ukraine over Russia

Eurasianet May 22, 2026

Ruling in Naftogaz versus Gazprom case sends reassuring signal to potential foreign investors.

EU’s foreign policy boss Kallas is undermining Europe’s credibility

Ben Aris in Berlin May 22, 2026

Kaja Kallas has done it again. The EU’s top foreign policy high representative called China a “cancer” that needs decisive treatment with chemotherapy rather than temporary relief with morphine.

Who is going to run out of men sooner and be forced to end the war: Russia or Ukraine?

Ben Aris in Berlin May 21, 2026

Who is going to run out of men sooner and have to end the war? Russia or Ukraine? Much has been made of the slowdown of Russia’s volunteer recruitment drive which is now unable to replace the estimated 30,000 dead and wounded a month.

Ukraine tests balloon-launched drone system to extend strike range

bne IntelliNews May 21, 2026

Ukraine has tested a balloon-assisted launch system designed to greatly extend the operational range of its intermediate range attack drones and improve its strike capabilities against Russian targets.

From Russia to Ukraine, VR Capital bets on wartime recovery

IntelliNews May 20, 2026

Richard Deitz, founder of New York-based VR Capital, has shifted his focus decisively toward Ukraine, becoming one of the largest foreign investors in several strategically important state-linked companies.

Ukraine headed for recessionary spiral

IntelliNews May 20, 2026

Ukraine’s wartime economy is showing growing signs of strain as rising inflation, labour shortages and a widening trade imbalance threaten to push the country into what economists describe as a “recessionary spiral”.

Lithuania’s PM apologises for communication failures during drone alerts

Linas Jegelevicius in Vilnius May 20, 2026

Nato air policing was activated, airspace above Vilnius Airport was temporarily closed, and train traffic in Vilnius County was halted after reports of an incoming drone.

Russia’s ruble best performing currency in the world in 1Q26

Ben Aris in Berlin May 20, 2026

The Russian ruble has become the world’s best-performing currency for a second consecutive year, buoyed by high oil revenues, capital controls and tight monetary policy that analysts say have entrenched structural imbalances in the economy.

Ex-presidential aide’s arrest deepens scrutiny of corruption risks in wartime Ukraine

bne IntelliNews May 19, 2026

Andriy Yermak, once regarded as President Volodymyr Zelenskiy’s most influential political lieutenant, was freed from pre-trial detention after supporters paid $3.1mn in bail.

Russian drones hit Chinese ship before Putin visit

IntelliNews May 19, 2026

By hitting a vessel manned by citizens of its most critical economic lifeline, the Kremlin risks complicating diplomatic optics just as Putin seeks deeper financial and military alignment with Beijing to sustain his war economy.

Gabbard’s overseas biolab probe revives debate over US-funded research in Ukraine

IntelliNews May 18, 2026

US Director of National Intelligence Tulsi Gabbard has launched a review of more than 120 overseas biological laboratories funded by American taxpayers.

Ukraine strikes Moscow in the biggest drone attack of the war

Ben Aris in Berlin May 17, 2026

The tit-for-tat missile and drone strikes between Russia and Ukraine went up another notch on May 17 after the Armed Forces of Ukraine (AFU) launched its biggest drone strike on the Russian capital since the war started.

RAGOZIN: From reform to relapse, Ukraine’s corruption problems resurface

Leonid Ragozin in Riga May 16, 2026

Charges brought against president Volodymyr Zelenskiy’s former chief of staff, Andriy Yermak, focus on four mansion houses in the luxury estate co-op called Dynasty. But corruption has long been an intimate feature of Ukrainian politics.

Lukashenko praises US as Belarus receives two-thirds of humanitarian aid from Washington

bne IntelliNews May 15, 2026

Belarusian President Alexander Lukashenko has praised the United States as a leading source of humanitarian assistance for his country, saying Washington supplied two-thirds of the humanitarian aid received by Belarus over the past year.

Yermak consulted fortune-teller on key Ukraine government personnel appointments

Ben Aris in Berlin May 14, 2026

In one of the more sensational details emerging from the unfolding corruption investigation into Ukraine’s elite, it emerged that former head of Ukraine’s presidential office, Andriy Yermak, consulted a fortune teller called Veronica Feng Shui.

Russia deploys Poseidon nuclear torpedoes and Satan II ICBMs

Ben Aris in Berlin May 13, 2026

Russia has launched a Khabarovsk special-purpose submarine to carry the Poseidon nuclear-powered torpedo system and debuted the super heavy Sarmat ICBM that can hit any target on the planet.

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